Metropolis Healthcare to raise up to Rs 1,204 cr through IPO

Diagnostics company Metropolis Healthcare is planning to raise up to Rs 1,204 crore through initial public offering (IPO).

Metropolis, one of India’s largest diagnostic chains, recently filed its draft papers with market regulator SEBI, making an announcement regarding IPO. It proposes to open its IPO of equity shares on April 3 and close on April 5.

The IPO will be of 1,52,69,684 equity shares, consisting an offer for sale of up to 50,17,868 equity shares by Sushil Kanubhai Shah and up to 1,02,51,816 equity shares by CA Lotus Investments, the draft paper stated.